OceanFirst Bank Lays Off 114 Workers Amid Home Loan Changes
SOURCENews reportView the filing ↗
What we know
Location: Toms River, NJ.
Department affected: Mortgage Operations.
Based on news reporting.
Summary
OceanFirst Bank Toms River has laid off 114 employees as part of a restructuring effort related to changes in its home loan processes. The decision comes amid a shift in how the bank approaches home lending, reflecting broader trends in the financial services industry. The layoffs are part of the bank's strategy to adapt to evolving market conditions and improve operational efficiency. This move highlights the challenges faced by financial institutions in the current economic climate, as they adjust to changing consumer demands and regulatory environments.
OceanFirst Bank cut 114 jobs in NJ affecting its Mortgage Operations team as of September 23, 2025.
That is roughly 22.8% of the 500 people OceanFirst Bank employs.
LayoffTalk has tracked 7 layoff events at OceanFirst Bank since September 2025, including 288 jobs documented in official WARN filings, with 5 additional events known from news reporting.
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